UAE | Egypt Oil & Gas - Part 38

Abu Dhabi’s Taqa Posts Q1 Loss Hurt by Low Oil Prices

TAQA reported a first-quarter net loss hurt by low oil prices. The company, majority-owned by Abu Dhabi's government, reduced its first-quarter revenue by 24% following a 43% drop in the price it sold its oil and gas.

UAE’s Masdar Completes Solar Plant in Solomon Islands

The United Arab Emirates and New Zealand inaugurated a solar power plant in Solomon Islands, developed and deployed by Masdar, Abu Dhabi’s renewable energy company and which will provide the Islands with 7% of its el ...

UAE Delays Construction of LNG Import Facility

Abu Dhabi indefinitely postponed the construction of the first onshore LNG import facility in the busy oil port of Fujairah in favor of a floating supply terminal.

UAE Allocated $4b in Support to Egypt

The United Arabic Emirates has allocated $4b to Egypt to boost country's economy, the UAE state news agency WAM informed.

Korean KEPCO Eyes New Nuclear Power Plants Deals in MENA

Korea Electric Power Corp. (KEPCO) wants to gain more contracts to build nuclear power plants in the Middle East to facilitate its goal of becoming one of the world's top nuclear power operators.

Egypt’s Maridive Signs $43m Offshore Contract in UAE

Maridive & Oil Services SAE announced that its offshore construction sector obtained a new contract worth $43m in the UAE, according to a statement released in early March.

Dana Gas Launches Zora Gas Field Production

Dana Gas has started production at the Zora gas field located in the Sharjah Western Offshore Concession in the UAE, designated to achieve a flow-rate of 40mcf/d of gas.

UAE’s and Chinese Firms Launch Oil Services Joint Venture

UAE-based Al Falahi Group has signed an agreement with Chinese Eastern Dragon Co., a global leader in oil field services, to launch a joint venture worth $8m in the UAE.  

UAE, India to Sign New Energy Agreements

India and the UAE envision signing a number of new agreements to boost bilateral cooperation in energy sector, notably in oil, gas and renewables projects.

Masdar’s Second Solar Investment in Jordan to Cost $300m

Abu Dhabi green energy firm Masdar will build a 200MW solar project in Jordan for around $300m.

Page 38 of 56

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